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Self-Study Courses

Cost Effective Internal Controls for Small Businesses

2 CPE Credits $41.00/credit hour
4.0 (2 ratings)

Small businesses present unique issues in the development and implementation of internal controls. Small business owners and budget constraints can hamper effective internal controls. This course is designed to assist accountants and auditors who are working with small businesses.

The course contains a presumption that there will be a lack of segregation of duties in the internal controls of small businesses. We will review compensating and mitigating controls for the lack of segregations of duties and will discuss developing cost-effective internal controls for organizations with limited budgets. We will also discuss working directly with small business owners and bookkeepers and some of their resistance to formalized internal controls.

Publication Date: February 2026

Designed For
This course is appropriate for CPAs or consultants who are working with small businesses.

Topics Covered

  • COSO Framework
  • Internal Controls
  • Small Business Internal Control Issues
  • Small Business Risks

Learning Objectives

  • Explain how to work around issues with segregation of duties
  • Develop cost effective internal controls for small businesses
  • Describe working with small business owners

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Robert K Minniti

DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI

Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.

Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.

He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.

Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.
$82.00 / 2 CPE
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